Comment on [deleted]

HogsTooth@lemmy.world ⁨1⁩ ⁨year⁩ ago

• EveryMuffinIsNowEncrypted@lemmy.blahaj.zone ⁨1⁩ ⁨year⁩ ago

  You can’t go to a competitor if everybody does the same thing.

   

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  • FaceDeer@fedia.io ⁨1⁩ ⁨year⁩ ago

    The first time one of them breaks ranks and lowered their prices it would come crashing down.

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    • EveryMuffinIsNowEncrypted@lemmy.blahaj.zone ⁨1⁩ ⁨year⁩ ago

      Perhaps.

      One can only hope, but longtime & continuing consolidation of companies in various US industries have left me with little of that. And if an industry as a whole feels their bottom line is seriously threatened, many of said companies will often join together and raise prices at the same time to protect their own interests. It’s happened before, so what can I say? ¯_(o_o)_/¯

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    • SchmidtGenetics@lemmy.world ⁨1⁩ ⁨year⁩ ago

      They only have a finite supply of units, all the others need to do is hold out, not gonna be able to afford more if you’re trying to undercut everyone else either.

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    • Windex007@lemmy.world ⁨1⁩ ⁨year⁩ ago

      Oligopolies handle this by just buying “turds in the punchbowl” companies and dismantling them.

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    • realcaseyrollins ⁨1⁩ ⁨year⁩ ago

      Not if their supplies start getting more expensive or their competitors pay their employees more. You can only compete on price so much before you end up in the red.